by Megan Wellman | May 18, 2022 | Accounting, Finance, JDA News
Is the VAT flat rate scheme worthwhile? The VAT is a simplified scheme that can save work. Instead of working out the VAT that you need to pay over to HMRC by deducting input VAT from output VAT, you pay a fixed percentage of your VAT-inclusive turnover. The...
by Megan Wellman | May 16, 2022 | Accounting, Finance, Investments
How to identify a UK property rental business? Where a landlord runs an unincorporated property business, the profits from that business are charged to income tax. Where the business is carried on through a company, the charge is to corporation tax. There are four...
by Megan Wellman | May 12, 2022 | Accounting, Employment, Finance
How do you report and pay tax on UK residential property gains? Where a chargeable gain arises in respect of a UK residential property, since April 2020, the gain must be reported to HMRC and a payment made on account of the associated tax liability. The good news is...
by Megan Wellman | May 10, 2022 | Accounting, Employment, Investments
Recruiting can be a difficult aspect of running a business, so you must know how to handle employee benefits! A well-designed employee benefits scheme can be a difficult area to navigate when recruiting. However, they can have great results as they make you stand out...
by Megan Wellman | May 9, 2022 | Accounting, Finance, Taxes
How much of your income from savings is tax-free? Not all types of income are equal from a tax perspective, and savings income enjoys dedicated allowances, tax rates and reliefs which allow a taxpayer to enjoy some or all of their savings income tax-free. Personal...
by Megan Wellman | May 6, 2022 | Accounting, Employment, JDA News
Can you deduct the costs for tax purposes while undertaking work on a rental property while empty? Where a property is let out, there are likely to be periods when the property is empty, either between tenants or, in the case of a holiday let, between guests....
by Megan Wellman | May 3, 2022 | Business, Careers, Employment, Investments
Are electric cars still tax efficient in 2022? Tax policy is used to influence behaviour as well as to collect revenue. One example where this is the case is the company car tax rules which tax high emission cars heavily and reward drivers for choosing electric and...
